Equity

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Equity

Equity

The decrease in common stock during the six months ended June 30, 2016, was primarily due to share repurchases of 6,205,046 shares pursuant to the Company's previously announced share repurchase plan, which was partially offset by the issuance of 2,458,048 shares of the Company’s common stock under the Company’s stock-based compensation plans for a net decrease of 3,746,998 shares.

The Company announced a $.005 per share increase in its quarterly cash dividend rate during the second quarter of 2016. As such, the Company recorded a cash dividend of $0.090 during the second quarter of 2016 as compared to a cash dividend of $.085 per share during the first quarter of 2016. The second quarter 2016 dividend of $25.9 million, was declared on May 19, 2016, and was paid on July 20, 2016.